We see scope for good relative performance, with appealing valuations and structures that can benefit from high interest rates. Solid fundamentals today and tighter bank regulations to come may provide a credit tailwind.
Hear from our Head of Fixed Income and Preferred Securities, Bill Scapell, CFA, Senior Portfolio Manager, Elaine Zaharis-Nikas, CFA, and Portfolio Manager, Jerry Dorost, CFA, as they share:
• A market update – rate cuts, new issuance, and overall yield
• How intermediate duration preferreds can offer tax-advantaged income for U.S. investors
• The fundamental health of European banks and new issuance trends
• Portfolio sector weights, earnings and credit of U.S. banks